Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.67% | +2.95 | 0.72% |
| Return on Equity (%) | ▲ | 39.57% | +31.03 | 8.54% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.61 | 3.15% |
| Efficiency Ratio (%) | ▲ | 58.23% | -24.60 | 82.83% |
| Pre-Provision Profit ($M) | ▲ | $10 | +7.69 | $2 |
| Cost of Funds (%) | ▲ | 1.66% | -0.14 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $875 | +184.15 | $691 |
| Gross Loans ($M) | ▲ | $550 | +179.25 | $371 |
| Loan Growth YoY (%) | ▲ | 78.26% | +8.34 | 69.92% |
| Total Deposits ($M) | ▲ | $684 | +161.14 | $523 |
| Shareholders Equity ($M) | ▲ | $103 | +27.08 | $76 |
| Tang. Book Value ($M) | ▲ | $101 | +25.04 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +26.73 | $82 |
| Loan / Deposit Ratio (%) | ▲ | 78.26% | +8.34 | 69.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.79% | +0.47 | 0.33% |
| Allowance / Loans (%) | — | 2.68% | 1.27% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 1.02% | +0.41 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($18.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▄▁▂▁▁█ | Net Interest Margin (%) | 3.44% | 3.43% | 3.42% | 3.15% | 3.24% | 3.18% | 3.18% | 3.77% |
| ▁▁▁▁▁▁▁█ | Return on Assets (%) | 0.85% | 0.95% | 0.94% | 0.72% | 0.87% | 0.88% | 0.85% | 3.67% |
| ███████▁ | Efficiency Ratio (%) | 82.1% | 80.7% | 80.7% | 82.8% | 80.9% | 81.3% | 81.2% | 58.2% |
| █▇█▃▄▃▄▁ | Cost of Funds (%) | 2.04% | 1.97% | 2.07% | 1.80% | 1.85% | 1.81% | 1.82% | 1.66% |
| ▁▁▄▃▃▂▁█ | NPA / Assets (%) | 0.14% | 0.16% | 0.41% | 0.33% | 0.32% | 0.22% | 0.15% | 0.79% |
| ▁▁▅▄▄▂▁█ | Net Charge-Off Ratio (%) | 0.21% | 0.28% | 0.68% | 0.61% | 0.56% | 0.39% | 0.24% | 1.02% |
| ▁▂▂▂▃▄▅█ | Tang. Book Value ($M) | $68 | $72 | $73 | $76 | $79 | $82 | $85 | $101 |
| ▁▁▁▁▂▂▃█ | Gross Loans ($M) | $391 | $392 | $383 | $371 | $394 | $395 | $421 | $550 |
| ▁▂▁▂▃▃▃█ | Total Deposits ($M) | $471 | $516 | $492 | $523 | $528 | $530 | $533 | $684 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 45% |
| C&I / Commercial | 39% |
| Consumer | 8% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 26% |